Vipshop (NYSE:VIPS) Price Target Increased to $19.00 by Analysts at KeyCorp

Vipshop (NYSE:VIPS) had its target price lifted by KeyCorp from $18.00 to $19.00 in a report issued on Tuesday morning, BenzingaRatingsTable reports. The brokerage currently has an overweight rating on the technology company’s stock. KeyCorp also issued estimates for Vipshop’s Q1 2020 earnings at $0.25 EPS, Q2 2020 earnings at $0.26 EPS, Q3 2020 earnings at $0.22 EPS and FY2020 earnings at $1.07 EPS.

A number of other analysts have also recently issued reports on the company. Benchmark increased their price objective on Vipshop from $12.00 to $15.00 and gave the stock a buy rating in a report on Thursday, November 14th. Zacks Investment Research raised Vipshop from a hold rating to a buy rating and set a $14.00 target price for the company in a report on Wednesday, November 20th. Finally, Macquarie started coverage on Vipshop in a research report on Wednesday, November 27th. They set an outperform rating and a $16.30 price target on the stock. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $12.88.

VIPS opened at $14.31 on Tuesday. The company has a 50 day moving average of $14.28 and a 200 day moving average of $10.56. The company has a market cap of $9.62 billion, a PE ratio of 20.44 and a beta of 1.97. Vipshop has a 12 month low of $6.00 and a 12 month high of $15.46. The company has a current ratio of 0.92, a quick ratio of 0.65 and a debt-to-equity ratio of 0.02.

Vipshop (NYSE:VIPS) last issued its earnings results on Wednesday, November 13th. The technology company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $1.65. The business had revenue of $19.61 billion for the quarter, compared to analysts’ expectations of $18.53 billion. Vipshop had a net margin of 3.62% and a return on equity of 17.41%. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. Research analysts forecast that Vipshop will post 0.78 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Huntington National Bank grew its position in Vipshop by 114.1% during the fourth quarter. Huntington National Bank now owns 2,910 shares of the technology company’s stock valued at $41,000 after acquiring an additional 1,551 shares during the last quarter. Parallel Advisors LLC boosted its stake in shares of Vipshop by 44.6% in the 3rd quarter. Parallel Advisors LLC now owns 3,149 shares of the technology company’s stock valued at $28,000 after purchasing an additional 971 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. bought a new position in shares of Vipshop during the 2nd quarter valued at $34,000. Park Avenue Securities LLC bought a new position in shares of Vipshop during the 3rd quarter valued at $92,000. Finally, Redhawk Wealth Advisors Inc. purchased a new position in Vipshop in the 3rd quarter worth $94,000. Institutional investors and hedge funds own 43.94% of the company’s stock.

About Vipshop

Vipshop Holdings Limited operates as an online discount retailer for various brands in the People's Republic of China. It operates in two segments, Vip.com and Internet Finance Business. The company offers women's apparel, such as casual wear, jeans, dresses, outerwear, swimsuits, lingerie, pajamas, and maternity clothes; men's apparel comprising casual and smart-casual T-shirts, polo shirts, jackets, pants, and underwear; women and men casual and formal shoes; and accessories that include belts, jewelry, watches, and glasses for women and men.

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Analyst Recommendations for Vipshop (NYSE:VIPS)

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